Tetra Tech, Inc. $TTEK is Managed Asset Portfolios LLC’s 9th Largest Position

Managed Asset Portfolios LLC raised its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 1.6% during the third quarter, Holdings Channel.com reports. The fund owned 869,633 shares of the industrial products company’s stock after purchasing an additional 14,067 shares during the quarter. Tetra Tech accounts for approximately 3.6% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 9th largest position. Managed Asset Portfolios LLC’s holdings in Tetra Tech were worth $29,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTEK. Brighton Jones LLC purchased a new position in Tetra Tech during the 4th quarter valued at about $225,000. AQR Capital Management LLC grew its position in shares of Tetra Tech by 451.6% in the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock worth $4,204,000 after buying an additional 118,774 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Tetra Tech by 136.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after buying an additional 957,050 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares during the period. Finally, Atria Investments Inc raised its holdings in shares of Tetra Tech by 267.3% during the second quarter. Atria Investments Inc now owns 29,597 shares of the industrial products company’s stock valued at $1,064,000 after acquiring an additional 21,538 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on TTEK shares. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, November 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $48.00 target price (up from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Robert W. Baird set a $43.00 price target on shares of Tetra Tech in a research report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.60.

Insider Buying and Selling

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total value of $401,455.17. Following the sale, the senior vice president directly owned 46,496 shares of the company’s stock, valued at approximately $1,870,534.08. The trade was a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Tetra Tech Trading Up 1.2%

Shares of NASDAQ TTEK opened at $36.45 on Wednesday. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50-day moving average of $36.48 and a 200 day moving average of $35.17. The stock has a market cap of $9.51 billion, a P/E ratio of 27.41 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $974.28 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business’s revenue was down 13.4% compared to the same quarter last year. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. As a group, sell-side analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is 19.55%.

About Tetra Tech

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.